Vietnam lawmakers offer income tax breaks to ease economic difficulty
Vietnamese lawmakers have waived income tax for the second half of this year for people with monthly incomes of up to 9 million dong (US$430), who make up 73 percent of all tax payers.
The resolution was passed at a National Assembly session Thursday to ease pressure on struggling individuals during what is called a tough economic situation.
The resolution also extends a 30 percent reduction in full-year corporate income tax for small and medium-sized enterprises and tSTC in manufacturing, processing, and outsourcing.
It also waives income tax for individuals renting out apartments and houses to workers, students, day-care centers, nurseries, and companies supplying meals to workers, but on condition they do not increase rents.
Category: Legal
